Document library
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Mortality improvements by socio-economic circumstances, discussion paper
This paper was presented at a sessional research meeting at Staple Inn Hall, London, on 24 September 2012. Mortality improvements by socio-economic circumstances in England (1982 to 2006) A discussion paper BY J.L.C. LU, W. WONG, AND M. BAJEKAL ... read more >>
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- Author:
- A. RITCHIE, J. CORRIGAN, S. GRAHAM, A. HAGUE, A. HIGHAM, J. HOLT, P. MOWBRAY, AND H. ROBINSON
Transforming consumer information discussion paper
Transforming consumer information A discussion paper BY A. RITCHIE, J. CORRIGAN, S. GRAHAM, A. HAGUE, A. HIGHAM, J. HOLT, P. MOWBRAY AND H. ROBINSON Presented to the Institute and Faculty of Actuaries 23 April 2012 (London) ... read more >>
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- Author:
- Michael Eves; Philipp Keller
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- What Solvency II Firms Can Learn from Swiss Solvency Experience
What Solvency II Firms Can Learn from Swiss Solvency Experience
Sessional Research Discussion Meeting – 19 March 2012 Royal College of Physicians, Edinburgh What Solvency II Firms Can Learn from Swiss Solvency Experience Michael Eves and Philipp Keller Switzerland introduced the Swiss Solvency Test (SST) as ... read more >>
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- Author:
- S. Deksler
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- Solvency II Technical Provisions – What Actuaries will be doing differently
Solvency II Technical Provisions – What Actuaries will be doing differently
Background information for a round table discussion on 26 March 2012 at Staple Inn, London. Sessional Research Discussion Meeting – 26 March 2012 Staple Inn Hall, London Solvency II Technical Provisions – What Actuaries will be doing differently? ... read more >>
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- Author:
- I Clacher, J Hatchett, M Hurd
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- Meeting defined benefit pension obligations: Measurement, risk and flight paths
Meeting defined benefit pension obligations: Measurement, risk and flight paths
Meeting defined benefit pension obligations: Measurement, risk and flight paths BY I. CLACHER, J. HATCHETT AND M. HURD Presented to The Institute and Faculty of Actuaries 16 January 2012 (Edinburgh) 30 January 2012 (London) 1 ... read more >>
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- Author:
- N Allan, N Cantle, P Godfrey, Y Yin
A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice
A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice BY N. ALLAN, N. CANTLE, P. GODFREY AND Y. YIN Presented to The Institute and Faculty of Actuaries 28 November 2011 ( London) Using ... read more >>
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- Author:
- P. Kelliher, D Willmot, J Vij and P. Klumpes
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- Sessional Research Event: A Common Risk Classification System for the Actuarial Profession
Underlying spreadsheet for the discussion paper: a common risk classification system for the actuarial profession
Underlying spreadsheet for the paper that sets out a proposal for a classification system being developed by the risk classification working party that can be used as a common reference point for discussing risk. The paper was discussed in the ... read more >>
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- Author:
- P. Kelliher; D Willmot; J Vij; P. Klumpes
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- Sessional Research Event
A Common Risk Classification System for the Actuarial Profession
This paper sets out a proposal for a classification system being developed by the risk classification working party that can be used as a common reference point for discussing risk. The paper was discussed in the Sessional Research Meeting on 31 ... read more >>
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- Author:
- T.Z. Sithole, S. Haberman, R.J. Verrall
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- Sessional Research Discussion Paper 20 June 2011
Second international comparative study of mortality tables for pension fund retirees
This paper contains an update to the study carried out by Verall et al. (2006a, 2006b). It examines the mortality assumptions used in the valuation of pension liabilities in a number of different countries. The results are considered in ... read more >>
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- Author:
- T. Z. Sithole, R.J. Verrall, S. Haberman
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- Sessional Research Background Paper
Second International Comparative Study of Mortality Tables for Pension Fund Retirees
This study, which is an update and extension of an original study by Verall et al., CASS (2005), aims to compare, separately the current mortality and the assumed future improvements in Austrailia, Austria, Belgium, Canada, Denmark, ... read more >>
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- Author:
- IFRS Working Party
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- Sessional research discussion paper
Insurance accounting: a new era?
Insurance accounting has for many years proved a challenging topic for standard setters, preparers and users, often described as a 'black box'. Will recent developments, in particular the July 2010 Insurance Contracts Exposure Draft, hearald a new ... read more >>
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- Author:
- Tony Lovick and Peter Lee
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- Sessional research discussion paper
Redefining the Deviance Objective for Generalised Linear Models
This paper defines the 'Case Deleted' Deviance - a new objective function for evaluating Generalised Linear Models, and applies this to a number of practical examples in the pricing of general insurance. The paper details practical approximations to ... read more >>
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- Author:
- Chris O'Brien
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- Sessional Research Paper
Equity between with-profits policyholders and shareholders
This paper considers equity, or fairness, as being based on with-profits life insurers acting in accordance with their contracts. Equity between with-profits policyholders and shareholders A discussion paper By C.D. O’Brien Presented to the ... read more >>
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- Author:
- M.H.D. Kemp, C.C. Patel
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- Sessional research paper
Entity-wide risk management for pension funds
This paper explores the application of ERM-style techniques to pension funds. It uses the term 'entity wide risk management', rather than 'enterprise risk management, because many pension funds do not view themselves as business 'enterprises' as ... read more >>
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- Author:
- C.A. Cowling, R. Frankland, R.T.G. Hails, M.H.D. Kemp, R.L. Loseby, J.B. Orr and A.D. Smith
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- Sessional research paper
Developing a framework for the use of discount rates in actuarial work
The Management Board of the UK Actuarial Profession is undertaking a thought leadership cross-practice research project on the use of discount rates by UK actuaries. The timing for this research is particularly appropriate as there is a convergence ... read more >>
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- Author:
- George Orros, John Smith
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- Sessional Research Paper
ERM for health insurance from an actuarial perspective
This sessional research discussion paper focuses on Enterprise Risk Management (ERM) and strategic business management for health insurance companies in our world of 'unknown unknowns' and the emergence of unexpected risks over time. It illustrates ... read more >>
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- Author:
- J. Maher, J. Corrigan, A. Bentley and W. Diffey
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- Sessional research discussion paper
An executive's handbook for understanding and risk managing unit linked guarantees.
The focus of this paper is the identification, and more importantly, sustainable management, of risks embedded in guarantees attaching to unit linked savings and retirement contracts (as commonly referred to as GMxBs). In developing customer centric ... read more >>
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- Author:
- D. Besar, P. Booth, K.K. Chan, A.K.L. MIlne and J. Pickles
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- Sessional Paper
Systemic risk in financial services
The recent banking crisis has reminded us of how risks materialising in one part of the financial system can have a widespread impact, affecting other financial markets and institutions and the broader economy. This paper, prepared on behalf of the ... read more >>